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Uranium Participation Corp (U.TO)

U.TO on Toronto Stock Exchange

4.25CAD
4 Dec 2020
Change (% chg)

$0.14 (+3.41%)
Prev Close
$4.11
Open
$4.13
Day's High
$4.31
Day's Low
$4.10
Volume
753,757
Avg. Vol
342,173
52-wk High
$5.39
52-wk Low
$3.12

Summary

Name Age Since Current Position

Jeff Kennedy

2018 Independent Chairman of the Board

David Cates

38 2016 President, Chief Executive Officer

Gabriel McDonald

2016 Chief Financial Officer

Timothy Gabruch

2018 Chief Commercial Officer

Amanda Willett

2016 Corporate Secretary

Dorothy Sanford

2016 Lead Independent Director

Paul Bennett

2005 Independent Director

Thomas Hayslett

2014 Independent Director

Garth MacRae

83 2005 Independent Director

Ganpat Mani

72 2014 Independent Director

Biographies

Name Description

Jeff Kennedy

Mr. Jeff Kennedy serves as Independent Chairman of the Board of the Company. Mr. Kennedy, Chair of the Board of the Corporation, retired in 2019 from his position as Managing Director of Equity Capital Markets and Operations of Cormark Securities Inc. (“Cormark”). Previously, Mr. Kennedy was Chief Financial Officer of Cormark until 2015 and Chief Financial Officer of Loewen Ondaatje McCutcheon Limited until 1998. Mr. Kennedy was Chairman of the Capital Formula Subcommittee of the Investment Dealers Association of Canada (now the Investment Industry Regulatory Organization of Canada) (“IIROC”) from 1999 until 2003 and continues to be a member of the Executive Committee of the Financial and Operations Advisory Section at IIROC. Mr. Kennedy has been in the investment business since 1987. Mr. Kennedy holds a B.Com. degree from McMaster University and has been a Chartered Professional Accountant since 1983.

David Cates

Mr. David Daniel Cates serves as President, Chief Executive Officer of the Company. Mr. Cates has held various other roles with DMC during his tenure with the company, including Vice President, Finance and Chief Financial Officer from 2013 to 2015 and Director, Taxation from 2008 to 2012. Through his roles with DMC and the Manager, Mr. Cates has been involved in numerous aspects of the Corporation’s business and affairs, including the Corporation’s acquisition of Uranium Limited in 2010 and the Corporation’s tax and financial planning activities. Mr. Cates also serves as a Director of the Canadian Nuclear Association.

Gabriel McDonald

Mr. Gabriel McDonald serves as Chief Financial Officer of the Company. Mr. McDonald was appointed Chief Financial Officer of the Corporation effective January 2016 and is also the Executive Vice President and Chief Financial Officer of DMC and Director and Chief Financial Officer of the Manager. Prior to joining DMC and the Manager in 2015, Mr. McDonald served as Director of Financial Reporting at IAMGOLD Corporation from 2014 and Senior Manager at PricewaterhouseCoopers LLP from 2008, where he provided audit, tax and other financial advisory services for global companies. Mr. McDonald is a Chartered Professional Accountant (CPA, CA) and has extensive financial experience and knowledge in the areas of financial reporting in accordance with IFRS, risk and quality management, SOX and internal controls, as well as experience in public and private debt and equity offerings in Canada and the United States.

Timothy Gabruch

Mr. Timothy Stephen Gabruch serves as Chief Commercial Officer of the Company. Mr. Gabruch brings to the team nearly 25 years of experience in the uranium mining and nuclear energy industries. Mr. Gabruch also currently holds the position of Vice President Commercial of DMC. Prior to joining DMC and UPC, Mr. Gabruch was with Cameco, in various marketing and corporate development roles. Most recently, he served as Vice President Marketing, from 2011 to 2017, where he led a diverse team responsible for strategy development, sales and marketing, as well as inventory and logistics management. During this period, he also managed Cameco’s role in the historic “Megatons to Megawatts” United States-Russia Highly Enriched Uranium Purchase Agreement through the final three years of the arrangement. While in corporate development roles, Mr. Gabruch led a range of business development projects and investment opportunities internationally, including the acquisition of Cameco’s former nuclear fuel trading subsidiary, NUKEM GmbH.

Amanda Willett

Ms. Amanda Willett serves as Corporate Secretary of the Company. Ms. Willett was appointed the Corporate Secretary of the Corporation in June 2016, and also serves as the Corporate Secretary of the Manager and Vice President Legal and Corporate Secretary of DMC. Ms. Willett is responsible for overseeing the Corporation’s legal and corporate affairs. Prior to joining UPC, DMC and the Manager, Ms. Willett was a securities law associate at Blake, Cassels & Graydon LLP in Vancouver, a position she held since 2011. From 2008 to 2011, she was a corporate and securities law associate with Stikeman Elliott LLP in Toronto. Her practice focused on advising public and private companies on matters including mergers and acquisitions, joint ventures, securities offerings, securities law and stock exchange compliance matters, and general corporate matters. She has been involved in a broad range of transactional and corporate governance work for Canadian publicly-listed companies, with an emphasis on advising companies in the mining industry. Ms. Willett graduated from York University in 2007 with an LL.B. from Osgoode Hall Law School and an MBA degree from the Schulich School of Business. She is a member of the Ontario and British Columbia Bars.

Dorothy Sanford

Ms. Dorothy Sanford serves as Lead Independent Director of the Company. Ms. Sanford retired in April 2019 as the President of the MFDA Investor Protection Corporation, the compensation fund for Members of the Mutual Fund Dealers Association of Canada. Ms. Sanford has a long career providing regulatory advisory services to the financial services industry and market participants as an independent consultant and as a Partner at PricewaterhouseCoopers LLP for more than 10 years. Ms. Sanford was previously a senior regulator at the Ontario Securities Commission. Ms. Sanford holds an Honours Bachelor of Commerce from Queen’s University, an M.B.A. degree from the University of Toronto and is an elected Fellow of the Institute of Chartered Professional Accountants of Ontario.

Paul Bennett

Mr. Paul J. Bennett serves as Independent Director of the Company. Mr. Bennett retired from running a private resource consulting business (Energus Resources) and has held executive and senior management positions with Petrofrontier Corp, Rodinia Oil Corp, ExxonMobil Canada, Sable Offshore Energy Project and Mobil Oil Canada (MOCAN). He also served as a director of the Maritimes and Northeast Pipeline and was on the Board of Directors of Kerr Mines Inc. (TSX: Au). Mr. Bennett has over 44 years of domestic and international experience in geology, mining and oil/gas exploration, development and production. Mr. Bennett graduated from the University of Toronto in 1972 with a HBSc. in Geology and in 1974 with a MSc. in Structural Geology. He is a member of the CSPG and AAPG, is a retired Professional Geologist (P. Geol.) in the Province of Alberta (APEGGA) and has lived in Canada, Australia, the USA and the UK.

Thomas Hayslett

Mr. Thomas Hayslett serves as Independent Director of the Company. Hayslett has over 45 years of experience dealing with various nuclear fuel issues and market matters, having started his career at the Tennessee Valley Authority (“TVA”) in 1972 as a nuclear engineer. From 1972 through 1988, Mr. Hayslett held various positions of increasing responsibility in both the nuclear fuel engineering and nuclear fuel supply organizations at TVA. From 1988 until retiring from TVA in 2004, he served as Manager, Nuclear Fuel Supply. From 2004 through 2008, Mr. Hayslett was a Senior Consultant with The Ux Consulting Company (“UxC”), and from 2008 through 2016, he served as an independent consultant to UxC and other clients. Mr. Hayslett graduated from Mississippi State University with a B.S. degree in Nuclear Engineering in 1971 and received a M.S. degree in Nuclear Engineering from the same university in 1976.

Garth MacRae

Mr. Garth A.C. MacRae serves as Independent Director of the Company. Mr. MacRae brings to the Board over 40 years of experience in the resource industry, as well as over 16 years of public accounting experience. He has held executive positions with Hudson Bay Mining, Brinco Limited and Denison Mines Limited and served as Chairman of Dundee Precious Metals Inc. from 1995 to 2002 and Vice Chairman of Dundee Corporation from 1993 until 2004. Mr. MacRae holds a Chartered Professional Accountant designation.

Ganpat Mani

Mr. Ganpat Mani serves as Independent Director of the Company. He retired in 2013 from his position as the Chief Executive Officer and President at ConverDyn, a position he held since 2009. During his term as CEO of ConverDyn, he also served as a Director at the Nuclear Energy Institute and was a member of the U.S. Civil Nuclear Trade Advisory Committee. Prior to that, Mr. Mani was with Paladin Energy Ltd, an Australian uranium producer supporting their global strategic initiatives, and was Principal of Ganman Consulting LLC, which provided business strategy, market development and outsourcing support for nuclear and non-nuclear companies. Until June 2007, Mr. Mani was at Honeywell International Inc., with a 34 yearcareer spanning a variety of functional areas and product lines. Mr. Mani holds an M.B.A. from Rutgers University, New Jersey and a Bachelor of Technology Degree in Metallurgical Engineering from Loughborough University, UK.

Basic Compensation